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LOAN SUMMARY | 16 EAST CUMMINGS AVENUE 16 East Cummings Avenue, Hampton, VA 23663

D66d0fb2eb2a7c9ac1cf422261b401e7c5b09c94

BORROWER


Rate
Projected Term
Loan to Value Range
Loan Amount
Investors
11%
12 months
37.0%
$97,000
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Renovation
First Lien
$97,000
Repaid
Started on
Funded on
Repaid on
Matures on
02/01/2017
Pending
02/01/2018

FINANCIAL OVERVIEW

After Repair Value (ARV)
$140,000
Total Project Costs
$114,000
$26,000
GROUNDFLOOR
$97,000
$17,000
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$27,000
Purchase Date
10/26/2016
Loan To ARV
69.3%
Loan To Total Project Cost
85.1%

Grade Factors

The following factors determine in part how the loan was graded:
(in descending order of importance)
Loan To ARV Score
4
10
Quality of Valuation Report
3
4
Skin-in-the-Game
2
10
Location
4
8
Borrower Experience
5
5
Borrower Commitment
1
1

VALUATION REPORTS

As Complete (ARV)
$140,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY DESCRIPTION

The Borrower intends to use the loan proceeds to complete a renovation to the property. Upon completion, the Borrower plans to refinance the property to repay the Groundfloor loan.

PROPERTY PHOTOS

THE COMPANY PLAYED NO ROLE IN THE PREPARATION OF ANY OF THE VALUATION SOURCES OR ANY OTHER MATERIALS PROVIDED BY THE BORROWER. WHILE WE BELIEVE THE DATA CONTAINED THEREIN IS HELPFUL, WE DO NOT USE IT AS THE SOLE BASIS FOR A FUNDING DECISION.